MDM will not solve your data management issues right away. It is not a magic solution. It is an ongoing process that needs to be managed by a team. You cannot have everyone working independently and expect to be successful with Master Data Management.
Master Data Management helps your organization by pinpointing the data that is most critical, and placing controls, procedures, and helpful documentation around them. It is critical that MDM is rolled-out in an organized manner, and that everyone understands their task.
You don’t want to take it on all at once. You want to start with small bites, focusing on narrow areas first. I’ve found that it is particularly helpful to get some quick wins so others in the organization ‘buy-in’. Help some of the critical participating parties and they will be grateful and supporting of your work.
If the data you decide on is order data, then you’ll need to have everyone in the organization agree that order data is what is in scope, and nothing else. You’ll likely then focus on order numbers, order dates, products ordered, etc.
Now that the scope is locked down, all stakeholders will need to buckle down and commit resources to the work that is necessary to be successful. Team members will need to research the critical data elements. They will need to determine how they are used across the organization, what definitions they take on, who owns or manages them who changes them, etc.
The effort required to complete master data management is not minimal. The team members will be working with many stakeholders across the organization to gather what they need. All information needs to be obtained to ensure that that the solutions that come out of the process are effective.
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